Local coin club LIVE auctions, and what I learned
TwoSides2aCoin
Posts: 44,618 ✭✭✭✭✭
Do you have these Live Auctions at your coin club ?
What sort of coins are auctioned ?
Last night I purchased an MS 67 1974 S Silver Ike for $35 in PCGS plastic and I was the only bidder. (A coinhusker dupe, I believe).
Next item: a 2000 PROOF Set for $14. Afterward, the seller told me I can have first shot at his mint & proof sets for what the dealers will pay. I have a few empty years to fill in order to complete a run.
Next, I ended up with a few Albums for Peace Dollars and Barber halves (no coins) and spent about $12 on them... (I have this thing for plugging holes)
In all, I spent about $60.
Some items there that I did not win :
A group of five Roman coins $6.50
A 1901 0 Barber Half went for $ 9.50 (VF30 ish)
A 1941 S Walker went for $6.50 (XF)
One particular coin that I did not bid on in ANACS plastic was a 1944 D Mercury dime labeled "AU 58"
This thing was gem all day long.
It sold for about $7, based on my recall.
There's my local show report. It was not the greatest selection of coins, but it was fun.
After the show, I spent several minutes with a nice couple who joined the club but haven't purchased any coins. They are conservative, cautious and observant. Mark won a door prize. It was a 1954 S Washington quarter. I think it probably would grade out at MS 65 and told him it was a very good coin for a door prize.
I did suggest "key dates" in any series, and the Gold Buffalo fractionals to his wife, as possible selections to start with .
Interestingly, he happened to have worked with a brother in law who is now retired. He laughed and responded with : "Dumpster Divin' Dick is your brother in law ?"
I'm going to have a little talk with my sister, but I thought I would tell my coin family first.
Joe
What sort of coins are auctioned ?
Last night I purchased an MS 67 1974 S Silver Ike for $35 in PCGS plastic and I was the only bidder. (A coinhusker dupe, I believe).
Next item: a 2000 PROOF Set for $14. Afterward, the seller told me I can have first shot at his mint & proof sets for what the dealers will pay. I have a few empty years to fill in order to complete a run.
Next, I ended up with a few Albums for Peace Dollars and Barber halves (no coins) and spent about $12 on them... (I have this thing for plugging holes)
In all, I spent about $60.
Some items there that I did not win :
A group of five Roman coins $6.50
A 1901 0 Barber Half went for $ 9.50 (VF30 ish)
A 1941 S Walker went for $6.50 (XF)
One particular coin that I did not bid on in ANACS plastic was a 1944 D Mercury dime labeled "AU 58"
This thing was gem all day long.
It sold for about $7, based on my recall.There's my local show report. It was not the greatest selection of coins, but it was fun.
After the show, I spent several minutes with a nice couple who joined the club but haven't purchased any coins. They are conservative, cautious and observant. Mark won a door prize. It was a 1954 S Washington quarter. I think it probably would grade out at MS 65 and told him it was a very good coin for a door prize.
I did suggest "key dates" in any series, and the Gold Buffalo fractionals to his wife, as possible selections to start with .
Interestingly, he happened to have worked with a brother in law who is now retired. He laughed and responded with : "Dumpster Divin' Dick is your brother in law ?"
I'm going to have a little talk with my sister, but I thought I would tell my coin family first.
Joe
0
Comments
The thing about collectors is that they usually only buy the coins they need. They don't buy duplicates unless it it such an obvious bargain that they known they can turn the coin over for a quick profit.
Local club auctions can be fun and a way to get your feet wet in the auction venue. But they are usually not the best place to sell your coins, and you probably won't find any great rarities at them.